Managerial Accounting for Non-Financial Professionals: Information for Planning, Decision Making and Control

Overview:

The Conference

Managerial accounting is an activity that provides financial and nonfinancial information to business managers and other internal decision makers of an organization. This course examines how managerial accounting information is gathered, and how it is used by business professionals to make effective plans & decisions. Lessons such as fundamentals of managerial accounting, cost accounting concept, and managerial accounting approaches will provide you with the concepts, procedures, and analytical skills you'll need to make informed decisions in today's challenging business world.

Managerial accounting is not as widely used as other forms of accounting, nor is it as known. While companies concern themselves with financial accounting methods like audits, budgets and financial statements, they often completely ignore the forward-thinking methods of managerial accounting.

Key points include:

Managerial vs. financial accounting

Cost-Volume-Profit analysis for decision making

Make vs. buy decisions for planning

Fixed vs. variable vs. mixed costs for control

Capital budgeting that makes a difference

The Goals

This conference will help you learn how to:

Cost terms and Concepts

Cost Behavior: Analysis and Use

Direct vs. Absorption Costing

Overhead Costing for Planning and Control

Standard Costs & Variance Analysis

Relevant Costs for Decision Making

Financial Statement Analysis

The Process

This workshop will be highly interactive & participatory. Your seminar leader will present, guide and facilitate learning, using a range of methods including discussions, case studies, real world examples and exercises. Where appropriate, these will include real issues brought to the workshop by delegates. Lessons learned from the seminar will be applied to your own organization.

The Benefits

The improved appreciation for the accounting approach to planning

Reduced inter-functional territorial battles

Higher productivity during the decision making process

Increased skill set in all phases of accounting

Greater ability to use managerial accounting information to control positive outcomes

The Results

By successfully completing this course, delegates will be able to:

Define managerial accounting & its impact on the organization

Make better decisions through the results calculated

Maintain better control of all costs

Plan more accurately using managerial accounting

Describe policies and company components that affect managerial accounting

The Core Competencies

Delegates will gain in the following competencies as a result of the program: